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Search Results 0 to 18 of about 19 (some duplicates have been removed)
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Jan 18, 2013 1:00pm EST
to do is have that take place when the republican position on the debt takes the economy hostage. that is off the table. i think the president is smart to be firm and clear on that. next time it would be democrats if we had a republican president. ashley: would you agree, i know it is out of your area, but the senate has not passed a budget in four years now. would you agree with republicans that it is not the way to go and i could, in fact, be breaking the law without i do agree with them. we actually have not passed the budget. i am with them on this concern about our inability to actually do the basic work that a legislature must do. ashley: i know bernanke, timothy geithner, rating agencies and many more states what is the point of a debt ceiling? we routinely raise it anyway. what is the purpose? >> there is no purpose. the debt ceiling has become a device for fiscal irresponsibility. republicans and democrats both dated. senator obama voted against the debt ceiling increase. if we have this credit downgrade, and we had a credit downgrade, as you know, last august. we have t
Jan 14, 2013 12:00pm EST
of rules that have been established that are impossible to meet without doing severe damage to the economy. we're not going to put ourselves in a position where, in order to pay for the spending we have already incurred, where the two options are we were way to either profoundly hurt the economy, hurt seniors, hurt kids trying to go to college or we will blow up the economy. we will not do that. not whatever congress does. they will have to send me something that is sensible. we should not be doing this in a one-three month time when. why should we do that? where the united states of america. we cannot manage our affairs in such a way that we pay our bills and provide certainty in terms of how we pay our bills? look. i do not think anyone would consider my position on reasonable. major, i am happy to have a conversation about how we reduce our deficits. i'm not going to have a monthly or every three months conversation about whether or not we pay our bills. that in and of itself does severe damage. even the threat of default hurts our economy. it hurts our economy as we speak. if we want t
Jan 15, 2013 7:00am EST
escalates the fight on the w economy. is the debt ceiling negotiable? your thoughts? send us a tweet or post your comment on facebook. you can also send us an e-mail. president obama held his last official news conference of the first term yesterday in the east room of the white house. here's what he had to say on the debt ceiling debate. [video clip] >> republicans and congress have two choices. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect ransomed in exchange for not crashing the american economy. the financial well-being of the american people well-being is not a leverage to be used. the full faith and credit of the united states is not a bargaining chip. they had better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea, r. triple-a credit rating was downgraded for the first time in our mystery, our businesses created the few jobs in any month in nearly the past three years, and the whole fiasco added to the deficit. ho
Jan 14, 2013 11:00pm EST
similar things and have also had some success in creating more monetary policy support for the economy. >> you had mentioned that there has been evidence that the longer-term interest rates have come down to the initial round. concern is that the unemployment rate remains very high and activity would try to bring that down and one would hope to see additional movements from the most recent round. are you suggesting that one would need to be patient? needs a little bit more about how you would assess how this is having the kind of effect that you would anticipate? >> well, we will be doing that on a regular basis. we will be looking at the impact on financial markets and we will see some effect there. we will look to see whether or not the labor market situation. we first started talking about a .1% on employment, there has been some movement. there was nearly 40% of the unemployed having been out of work for six months or more. that is a situation where there are too many people i can give you specific criteria except to say that we will be assessing the impact of our actions a financi
Jan 15, 2013 5:00pm EST
talked about politics and about constitution, institutions. we talked about the economy although we've alluded to this aspect to it let me ask you to take off your journalist hat and put on your markets have and ask a simple question is venezuela going to buy, sell or hold? >> i think what we are going to see in the short term is a great deal of turmoil to reverse of markets -- capital flees some certainty. so, right now you have on uncertainty because nobody knows what's going to happen. nobody knows that he's alive or dead or on life support although we did hear from his brother yesterday that he is not in a coma. we thought he was either in a, or on life support. now we know he is not. other really insightful information we've gotten from the regime or that he's in a stationary situation. i have no idea what that means. that is a stationary situation. >> his treatment was being assimilated. they are still using that, his treatment is being assimilated. so we haven't really had any insight into whether chavez is going to make it or not. the prospects are probably that he is not. w
Jan 16, 2013 5:00pm EST
the gulf we recognize that healthy echo systems also can mean healthy economies. and from louisiana what we have taken, what we believe is a very good first effort in addressing both the vulnerability that exist with the state's master plan has which is is a long-term plan addressing the ecological but reducing the risk across the coast. we believe we can achieve a 100-year protection for the community it's the resources that important. the ecological resource that's state provides and the gulf provides to the nation that if it's going to be afforded through the nation it has to provide protection to those communities who provide that. we believe that this plan we can have sustainable long-term healthy echo systems but also healthy communities and economies. there's an essence a form of what we call social engineering. if you can't ensure the communities, the supermarkets, the schools the things that community depend on, they will not survive. we want to make sure that we're developing both a healthy echo logical system but -- we have gone a long way in first attempt. it's not perfect. we h
Jan 18, 2013 7:00am EST
the private and the public economy, balance between the cost and hoped for advantages, balance between the clearly necessary and the comfortably desireable, balance between our essential requirements as a nation and the duties imposed by the nation upon the individual, balance between actions of the moment and the national welfare of the future. good judgment seeks balance in progress, lack of it eventually finds imbalance and frustration. >> words of president eisenhower 52 years ago. are those words relevant today as he talked about what government can and cannot do in solving problems. that speech is still available online. and pointing out those remarks giving the country a dire warning about what he described as a threat to democratic government. he also used the phrase military industrial complex. since then that has become a rallying cry of opponents for expansion. in an effort to control the expansion of the military industrial complex the president sought to cut the pentagon's budget. he wanted a budget he said the country could afford. share your thoughts about the role you t
Jan 15, 2013 10:00am EST
, for our economy cannot be overstated. the sovereign debt of the united states, for it to be questions that we would pay our bills or not, is not a scenario that we want to go through as a country. that would really harm us. that said, as i was coming back on the train from new york, i shared this with those with me. i said you're going down this track at 130 miles an hour. what would cause the conductor, knowing that if he veers off on this next rail to the right and pulled the switch that would cause that to happen, even if he knew it would put the train at severe risk by veering off to the right, what would be the only reason a person would go off that course rather than go straight? and the reason is that there's a larger cavern, kind of a grand canyon that we are about to go off. here's what i have concluded as a businessman and a seasoned public servant. the music will stop at some point with respect to where we are. when we are pouring $1 trillion a year, 40 cents on the dollar, you cannot do that into perpetuity. the time for leadership is right now. the time to address this is
Jan 15, 2013 12:00pm EST
that we have a uniform rule of economy gent circumstances. that, her suggestion complies with your objection. >> well, if i'm understanding it correctly, i think our point is this, which is that the police officers have to act reasonably in the situation. in the situation they know for sure the evidence is going to be lost, they know that every minute is critical, for example -- >> so many situations in which we require a warrant, nevertheless. when there's drug dealing in a house, every time -- it's almost a certainty that they're going to use the drugs, and that evidence is going to disappear. you rely on knowing that there's likely to be telltale signs left over. and that's the same thing you do in an alcohol situation. you rely on the testimony of the police officer, you rely on the implied consent presumption. it's not as if this is destruction of all evidence. and not like a fleeing situation where someone gets away, you have nothing left. this is vastly different. >> i mean, with respect we disagree. this evidence is critical, and the number matters. i mean, it is the case t
Jan 16, 2013 1:00am EST
that healthy ecosystems also can mean healthy economies. from louisiana, what we have taken -- what we believe is a very good first effort the addressing the vulnerabilities that exist in reducing that risk is with the state's matter of fact plan which is a long- term plan to reduce the economic significance and reduce the risk across the coast. we believe we can achieve protection for all coastal communities. it is that resource that is important. the states provide and the gulf provides to the nation, it if it is going to be afforded through the nation. we believe with this plan we can have sustainable healthy ecosystems but also healthy communities. there's an essence of -- there is a form of social engineering because if you can't ensure the communities, the supermarket, the schools, the things that the communities depend on, the communities will not survive. we want to make sure we will develop a healthy system but also healthy communities that can provide those resources. we have come a long way, it is not perfect but we have a plan to achieve this sustainability and protecting the commu
Jan 14, 2013 7:00am EST
the value of my house. the economy went south on us. now the banks are sending us these low interest rates. i go back to refinance the house or remorse reached the house at 6.75%. bank tells me i do not make enough income or income to debt ratio for the house. i do make enough to pay the 6.75%. if the given the lower rate, i would be saving $1,000 a month. what can be done about that? guest: there are many, many borrowers who are having trouble refinancing their home loans. i hear from a lot of them. it is a real problem. we had a pendulum that had swung out into the wild west or anybody that was breathing got a mortgage. now it has swung the other way. the banks are being ultra cautious and requiring owners disclosures and very conservative income levels. i think there is an element of your story that questions -- does the bank wanted about the 6.75% interest that you're paying on your mortgage. that is a rich interest level in this environment. you have to wonder if the bank isn't holding on to your loan to maintain that high level of interest. i wonder if the might be worth your while t
Jan 15, 2013 5:00pm EST
is greater than our nation's economy exceeding our g.d.p. and we have on the floor floor toda legislation that calls upon our children and grandchildren even greater burdens of debt. it's time to end the credit card economics. we simply cannot afford to spend money that we are borrowing from countries like china on-line items we don't need and constitution isn't authorized to spend. my amendment strips one line item out of this bill. this is really low-hanging fruit. the sandy relief effort was increased by $1 million to boost the legal services corporation, massacre aiding as disaster relief and i thought we had a ban on earmarks in this congress. why is a bailout for new york lawyers emergency hurricane relief, even if you believe this is a legitimate government program which i don't, by the way, how can you argue that spending on lawyers is a legitimate emergency spending? let me say again, for $-- we are $16 trillion in debt, we are $16 trillion in debt, america. we simply cannot afford to continue like this. we cannot keep spending on money we don't have on things we can't afford and
Jan 16, 2013 1:00am PST
driving the american economy into a ditch to make a point that even we don't understand and that is against the constitution, that might not be a great idea. nobody broke ranks when the republicans did this in 2011. nobody on the republican side. but today on the republican side somebody did. today republican senator lisa murkowski of alaska broke ranks. she gave an interview to her hometown newspaper in alaska, she says she disagrees threatening the country with default. quote, murkowski is breaking rank, saying the country has a duty to assure it pays its bills. murkowski said not all of her colleagues in the senate will say it out loud, but she believes most agree that failing to raise the debt limit would harm perception of the country. quote, if you incur an obligation, you have a responsibility to pay for that, murkowski said. time is going the tell if lisa murkowski is the first republican to break ranks or if she is the only republican to break with republican leadership on this issue. but the fact that she has done it already makes this a better movie than it wa
Jan 17, 2013 4:00pm PST
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Jan 16, 2013 1:00pm EST
of this country, because the consequences of a default would ripple throughout the economy. i just saw an article yesterday that said the people are now drawing on their retirement funds, the middle class of this country. so we now want to have a debt ceiling threat that would cause further erosion in the stock market, that would essentially make things begin to go haywire? i guess the republicans are going to be thinking this weekend how to proceed. i think they need to proceed with sensibility and common sense instead of an effort to be so extreme that you threaten the economy of the country. host: house republicans leaving for a retreat tomorrow to discuss - guest: they should retreat from the idea of using the debt ceiling. host: you referenced "the wall street journal" this morning. many republicans see a debt limit showdown as risky. pat toomey said tuesday he would introduce legislation next reconstructing the white house to prioritize the government's bills. what's wrong with that idea? guest: we have had some deficit reduction. as the president laid out a couple days ago, we have had ove
Jan 17, 2013 10:00am EST
and the economy and education, we know how they're strapped. i have four s.r.o.'s at one time. i now have one. that's not a desired situation by the school or by my department. yes to the funding piece. to the mental health piece, the s.r.o.'s, they know the kids. they know when they don't look right. what's going on today? they have friendships and they talk. someone else will say, have you seen his facebook page, or i am being taken down, bullied on facebook and all the things that lead us to mental health issues. and in regard to mental health issues, today, the officer on the street gets called because someone is having an episode of some nature and maybe a family member calls or maybe a co-worker calls or maybe they're just out and about having some sort of episode. the officer comes, evalue waits and determines, something is going on. this person needs to be seen. they've committed no crime a lot of the time, but you can't believe. so they in minnesota and i think this is similar throughout our country execute what's called the 72-hour hold. a lot of people say, good. the situation is r
Search Results 0 to 18 of about 19 (some duplicates have been removed)